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SFRCX RidgeWorth Seix Floating Rate Hi Inc C

  • Fund
  • SFRCX
  • Price as of: May 22, 2017
  • $8.76
  • - $0.00
  • - 0.00%
  • Category
  • Bank Loan

SFRCX - Profile

Vitals

  • YTD Return 0.1%
  • 3 Yr Annualized Return 2.7%
  • 5 Yr Annualized Return 3.5%
  • Net Assets $6.03 B
  • Holdings in Top 10 11.7%

52 WEEK LOW AND HIGH

$8.76
$8.46
$8.80

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.51%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 33.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$5,000

IRA

$2,000

Investment Themes

CATEGORY

Bank Loan
  • Fund Type Open End Mutual Fund
  • Investment Style Bank Loan

Distributions

  • YTD Total Return 0.1%
  • 3 Yr Annualized Total Return 2.7%
  • 5 Yr Annualized Total Return 3.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.82%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name RidgeWorth Seix Floating Rate High Income Fund
  • Fund Family Name RidgeWorth
  • Inception Date Aug 02, 2007
  • Shares Outstanding N/A
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager Vincent Flanagan

Fund Description

The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in short duration fixed income securities. It may invest up to 20% of its total assets in senior loans made to non-U.S. borrowers provided that no more than 5% of the portfolio's loans are non-U.S. dollar denominated. The fund may also engage in certain hedging transactions.

SFRCX - Performance

Return Ranking - Trailing

Period SFRCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.1% -0.9% 4.4% 42.18% 3
1 Yr 7.5% -1.0% 12.4% 41.98% 3
3 Yr 2.7% * -0.4% 5.5% 62.50% 4
5 Yr 3.5% * 1.0% 6.6% 73.71% 4
10 Yr 3.1% * 0.0% 5.4% 63.33% 4

* Annualized


Return Ranking - Calendar

Period SFRCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 5.9% -5.3% 7.9% 20.10% 2
2015 -5.6% -12.2% 0.0% 41.06% 3
2014 -3.4% -6.9% 0.0% 38.05% 3
2013 0.9% -1.3% 12.5% 33.52% 3
2012 3.8% 0.0% 11.2% 30.72% 3

Total Return Ranking - Trailing

Period SFRCX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.1% -0.9% 4.4% 42.18% 3
1 Yr 6.5% -1.7% 12.4% 41.51% 3
3 Yr 2.7% * -0.5% 5.5% 47.60% 3
5 Yr 3.5% * 1.0% 6.6% 64.00% 4
10 Yr 3.1% * 0.0% 5.4% 56.67% 3

* Annualized


Total Return Ranking - Calendar

Period SFRCX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 5.9% -5.3% 10.8% 31.58% 2
2015 -5.6% -12.2% 2.9% 47.34% 4
2014 -3.4% -6.9% 2.9% 50.73% 4
2013 0.9% -1.3% 12.5% 38.64% 3
2012 3.8% 0.0% 16.9% 40.96% 3

NAV & Total Return History

SFRCX - Holdings

Filings data as of: Mar 31, 2017

Concentration Analysis

SFRCX Category Low Category High SFRCX % Rank Quintile
Net Assets 6.03 B 36.5 M 14.9 B 3.77% 1
Number of Holdings 473 56 1271 5.19% 2
Net Assets in Top 10 759 M -331 M 1.61 B 2.83% 1
Weighting of Top 10 11.7% 6.0% 224.2% 11.32% 3

Top 10 Holdings

  1. Harland Clarke Holdings Corp. Term Loan B6 1.52%
  2. Energy Transfer Equity L P Senior Secured Term Loan 1.33%
  3. Ziggo Secd Fin B V Term Loan E 1.30%
  4. Hilton Worldwide Fin Llc Term Loan 1.27%
  5. Level 3 Financing Inc Tranche B 2024 1.21%
  6. Caesars Entertainment Operatin Extended Term Loan B6 1.15%
  7. Sprint Communications Inc. 1st Lien Term Loan B 1.06%
  8. Ineos Us Fin Llc 2022 Term Loan 1.05%
  9. Clear Channel Communications Term Loan E 0.95%
  10. Change Healthcare Hldgs Inc Term Loan B 0.88%

Asset Allocation

Weighting Category Low Category High SFRCX % Rank Quintile
Bonds
78.45% 5.65% 100.69% 25.00% 5
Cash
11.48% -1.60% 87.26% 6.13% 1
Other
9.87% -15.31% 10.05% 1.42% 1
Stocks
0.18% 0.00% 9.57% 9.91% 3
Preferred Stocks
0.01% 0.00% 1.09% 5.19% 2
Convertible Bonds
0.01% 0.00% 3.27% 6.13% 2

Stock Sector Breakdown

Weighting Category Low Category High SFRCX % Rank Quintile
Utilities
0.10% 0.00% 0.69% 6.98% 2
Energy
0.07% 0.00% 1.33% 5.23% 2
Communication Services
0.01% 0.00% 0.14% 1.74% 1
Technology
0.00% 0.00% 0.00% 0.58% 1
Real Estate
0.00% 0.00% 0.61% 1.16% 1
Industrials
0.00% 0.00% 0.00% 0.58% 1
Healthcare
0.00% 0.00% 0.08% 1.16% 1
Financial Services
0.00% 0.00% 0.09% 2.33% 1
Consumer Defense
0.00% 0.00% 0.13% 3.49% 1
Consumer Cyclical
0.00% 0.00% 0.85% 8.72% 3
Basic Materials
0.00% 0.00% 1.30% 8.14% 3

Stock Geographic Breakdown

Weighting Category Low Category High SFRCX % Rank Quintile
US
0.18% 0.00% 9.57% 9.91% 3
Non US
0.00% 0.00% 0.64% 2.83% 1

Bond Sector Breakdown

Weighting Category Low Category High SFRCX % Rank Quintile
Corporate
76.51% 0.00% 96.98% 19.34% 4
Cash & Equivalents
11.48% -2.94% 164.55% 5.66% 1
Securitized
0.16% 0.00% 29.36% 13.21% 3
Derivative
0.00% -33.31% 4.87% 3.30% 1
Municipal
0.00% 0.00% 1.96% 2.36% 1
Government
0.00% -115.02% 28.47% 8.02% 2

Bond Geographic Breakdown

Weighting Category Low Category High SFRCX % Rank Quintile
US
73.51% -54.19% 89.05% 9.91% 2
Non US
4.94% 0.00% 82.97% 25.94% 5

SFRCX - Expenses

Operational Fees

SFRCX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.51% 0.56% 2.81% 16.04% 4
Management Fee 0.41% 0.15% 1.00% 9.91% 1
12b-1 Fee 1.00% 0.00% 1.00% 0.66% 4
Administrative Fee 0.01% 0.01% 0.40% 14.41% 1

Sales Fees

SFRCX Fees (% of AUM) Category Low Category High SFRCX Rank Quintile
Front Load N/A 0.75% 5.75% N/A N/A
Deferred Load 1.00% 1.00% 5.00% 9.09% 1

Trading Fees

SFRCX Fees (% of AUM) Category Low Category High SFRCX Rank Quintile
Max Redemption Fee N/A 1.00% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SFRCX Fees (% of AUM) Category Low Category High SFRCX Rank Quintile
Turnover 33.00% 13.00% 168.00% 16.98% 1

SFRCX - Distributions

Dividend Yield Analysis

SFRCX Category Low Category High SFRCX % Rank Quintile
Dividend Yield 0.3% 0.14% 1.25% 47.37% 4

Dividend Distribution Analysis

SFRCX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

SFRCX Category Low Category High SFRCX % Rank Quintile
Net Income Ratio 3.82% 1.34% 6.09% 43.40% 4

Capital Gain Distribution Analysis

SFRCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

SFRCX - Managers

Vincent Flanagan

Manager

Start Date

Aug 01, 2011

Tenure

5.75

Tenure Rank

7.8%

Mr. Vincent Flanagan currently serves as Vice President and Portfolio Manager of Seix and as Senior High Yield Analyst of Seix since 2006. Prior to joining Seix, Mr. Flanagan was the Director of Research for Assurant Inc.


George Goudelias

Manager

Start Date

Mar 01, 2006

Tenure

11.17

Tenure Rank

2.2%

George is a senior member of the high yield division and leads the firm’s bank loan group. He serves as a senior portfolio manager on the Bank Loan Management Strategy and senior research analyst covering cable and telecommunications. Since the 2005 inception, George has led the bank loan group and also oversees the firm’s collateralized loan obligation platform. George has extensive experience covering the telecommunications and cable industries and is well known on both the sell side and buy side of the business. Prior to joining Seix he was a senior high yield research analyst at J.P. Morgan Securities and was a member of Institutional Investor’s 2nd highest ranked high yield team. George received both a B.S. degree in Finance and Accounting and an M.B.A. degree in Finance from New York University.


Tenure Analysis

Category Low

0.2

Category High

20.7

Category Average

6.18

Category Mode

2.3